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UK politician Sunak and family dodged million in taxes

UK politician Sunak and family dodged million in taxes

British politician Rishi Sunak, who has been serving as Chancellor the Exchequer since 2020, along with his family has dodged paying tens millions of pounds in taxes, The Guardian reports.

The family escaped paying the tax through his wife's "non-dom" status. This is despite the chancellor imposed tax rises on the public, Labour reportedly accused.

Meanwhile, his wife Akshata Murty on Friday said she would pay UK taxes. The report said she expressed willingness as Sunak began feeling the heat.

Murty openly said that she understood many viewing her tax arrangements not falling in line with her husband's job as chancellor. She also said he appreciated the British sense of fairness, adding that she would pay tax on all future worldwide income.

Louise Haigh, the shadow transport secretary, accused Sunak of failing to be transparent about his family's financial arrangements while raising taxes for millions during a deepening cost of living crisis, the report said.

Haigh said many Britons would be questioning the ethics involved.

The Guardian estimated Murty must have dodged about £20m in tax, thanks to her status.

The non-dom rules legally exempt her from having to pay tax in the UK on £11.5m in annual dividends she collects from her father's IT business.

UK tax residents would be expected to pay about £4.5m in tax on the dividend payment, the report said.

Prime Minister Boris Johnson on Friday said Sunak was doing an "outstanding job" as well as saying that he had not been told about Murty's non-dom status.

Also, Mutry reportedly holding a green card, according to the Guardian, would weaken Sunak's defence that his wife is a non-dom. She has plans to return and live in India someday.

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